E.ON Next Out of Contract and Deemed Energy Rates (Effective October 2024)
Avoid Higher Costs: A Guide to E.ON Next’s Deemed Rates
If your business’s energy contract with E.ON Next has expired, and you haven’t switched or renewed, you’ll automatically move onto their deemed contract rates. These rates ensure a continuation of supply but come at a premium cost compared to fixed-term contracts.
In this blog, we’ll break down E.ON Next’s latest deemed rates, explore their financial impact, and show you how The Smart Energy Company can help you find better energy deals.
What Are E.ON Next Deemed Rates?
E.ON Next applies deemed rates to businesses and residential customers when:
- A fixed-term contract ends without renewal or supplier switch.
- Energy is supplied without signing a formal contract (e.g., new tenancy or change of ownership).
Deemed rates include:
- Unit Rates (p/kWh): Varying rates based on region and tariff type (e.g., NHH or HH meters).
- Standing Charges (p/day): A daily cost applied to cover supply and administrative fees.
These rates are significantly higher than fixed-term agreements, incentivising businesses to renew or switch contracts promptly.
E.ON Next Deemed Rates – October 2024
Non-Half-Hourly (NHH) Meters
| Tariff Type | Standing Charge (p/day) | Unit Rate (P/kWh) |
|---|---|---|
| Unrestricted | 200 | From 46.1 |
| Economy 7 - Day | 200 | From 51.1 |
| Economy 7 - Night | 200 | From 36.9 |
| Two-Rate - Peak | 200 | From 50.6 |
| Two-Rate - Off-Peak | 200 | From 43.6 |
Half-Hourly (HH) Meters
| Band Type | Standing Charge (p/day) | Unit Rate (p/kWh) | Notes |
|---|---|---|---|
| Aggregated Band 1 | From 140 | From 46.5 | DUoS and TNUoS passed through |
| LV/LV Sub Band 1 | From 789 | From 44.3 | Includes capacity and excess fees |
| HV Band 1 | From 2979 | From 35.5 |
Gas Rates
| Tariff Type | Standing Charge (p/day) | Unit Rate (P/kWh) |
|---|---|---|
| Standard | 149 | From 11.3 |
Key Details About E.ON Next Deemed Rates
- Pricing Adjustments:
- Deemed rates are variable and may change with little to no notice. Businesses should act quickly to avoid prolonged exposure to high costs.
- Regional Variations:
- Unit rates and standing charges differ based on electricity distribution regions and meter types.
- Excluded Costs:
- All rates exclude VAT, Climate Change Levy (CCL), and additional metering charges such as DUoS, TNUoS, or excess capacity costs.
How These Rates Impact Your Business
Remaining on E.ON Next’s deemed rates could result in:
- Increased Energy Costs:
- With rates up to 50% higher than fixed-term agreements, you’ll be paying more than necessary.
- Budget Uncertainty:
- Variable pricing makes it challenging to forecast energy expenses.
- Missed Savings:
- Fixed contracts often provide lower rates and predictable pricing, helping businesses save significantly in the long run.
How The Smart Energy Company Can Help
Avoid the financial strain of E.ON Next’s deemed rates by partnering with The Smart Energy Company. We specialise in securing the best energy deals tailored to your business.
Here’s how we assist:
- Comprehensive Market Comparison:
- We compare rates across 25+ trusted suppliers to find the most competitive options for your business.
- Seamless Transition:
- From contract negotiation to supplier switching, we handle everything for you.
- Cost-Saving Expertise:
- Our tailored solutions ensure you secure the best rates for your energy usage.
- Proactive Contract Management:
- Never risk rolling onto out of contract rates again—our team ensures you’re always on the best plan.
FAQs About E.ON Next Deemed Rates
What happens if I don’t renew my E.ON Next contract?
You’ll automatically move onto deemed rates, which are higher than fixed-term agreements.
Can I switch suppliers while on deemed rates?
Yes, you can switch at any time without penalty, provided your account is up-to-date.
How can I avoid E.ON Next’s deemed rates?
Renew your contract or switch suppliers before your fixed term ends.
Act Now to Avoid High Variable Rates
Don’t let E.ON Next’s deemed rates impact your business’s bottom line. Contact The Smart Energy Company today to explore cost-saving options tailored to your needs.
Contact us today for a free, no-obligation quote:
Call us: 0151 459 3388
Email us: info@smart-energy.uk
Get a quote online:
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